資產負債表僅顯示部份重要科目, 完整財報可參考這裡 玩股撇步(動畫小學堂)
- 現金是否充足, 是否沒有債務壓力. 現金和短期借款和一年內到期長期負債都很高的話要小心, 滿手現金卻不還債, 可能有問題
- 應收帳款或存貨是否突然大幅增加, 留意應收帳款超過營收
- 營收和獲利增加的速度要大於存貨和應收帳款的速度; 營收衰退, 應收帳款正常也要跟著減少
- 營業活動負債: 因營業活動而產生, 如應付帳款, 應付票據, 合約負債等, 通常不需要支付利息. 此類型負債上升, 通常代表業績增加, 議價能力變好
- 最容易被操弄的資產是應收帳款, 存貨和長期投資
- 如果有資金貸予他人要注意
- 非控制權益佔比: 非控制權益 / 股東權益總額, 如果這個值過大時要看個體報表, 不能只看合併報表
- 圖表中的值是加一取對數, 目的是為了看趨勢
- 還款急迫性 - 公司債 > 應付票據 > 銀行借款 > 應付員工 > 應付帳款/費用 > 其它
- 如果未分配盈餘為負, 就算當年有獲利也沒法配息
- 如果配息能力(未分配盈餘+其它權益)為負, 有可能會無法配息
現金及約當現金 YoY | 短期借款 YoY | 一年內到期長期負債 YoY | 資金貸予他人 YoY | 營收 YoY | 淨利 YoY | 應收帳款及票據 YoY | 應收帳款佔營收比(%) YoY | 存貨 YoY | 長期投資 YoY | 長期負債 YoY | 商譽及無形資產 YoY | 股本 YoY | 法定盈餘公積 YoY | 特別盈餘公積 YoY | 未分配盈餘 YoY | 保留盈餘 YoY | 其它權益 YoY | 配息能力 YoY | 非控制權益佔比 YoY | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2019 (10) | 47.95 | 46.41 | 29.14 | 35.1 | 12.5 | 0 | 0 | 0 | 111.08 | -8.24 | 4.96 | -43.12 | 19.33 | -5.85 | 17.40 | 2.61 | 24.23 | -17.25 | 52.42 | 12.54 | 12.5 | -50.0 | 1.5 | 240.91 | 31.25 | 0.1 | 10.45 | 9.2 | 2.86 | 0 | 14.18 | -30.32 | 27.49 | -8.12 | -6.11 | 0 | 8.07 | -53.86 | 0.28 | 10.47 |
2018 (9) | 32.75 | 14.63 | 21.57 | -3.62 | 0 | 0 | 0 | 0 | 121.05 | 5.22 | 8.72 | 56.27 | 20.53 | -11.39 | 16.96 | -15.79 | 29.28 | 13.49 | 46.58 | 8.91 | 25.0 | 0.0 | 0.44 | -58.49 | 31.22 | 0.32 | 9.57 | 6.1 | 0 | 0 | 20.35 | 50.74 | 29.92 | 32.86 | -2.86 | 0 | 17.49 | 21.63 | 0.25 | 1.62 |
2017 (8) | 28.57 | 11.17 | 22.38 | -4.44 | 0 | 0 | 0 | 0 | 115.05 | 9.71 | 5.58 | 29.47 | 23.17 | 11.07 | 20.14 | 1.25 | 25.8 | 35.01 | 42.77 | -8.06 | 25.0 | 0.0 | 1.06 | -5.36 | 31.12 | 0.42 | 9.02 | 5.13 | 0 | 0 | 13.5 | 7.48 | 22.52 | 6.48 | 0.88 | -66.79 | 14.38 | -5.46 | 0.25 | 11.39 |
2016 (7) | 25.7 | -24.32 | 23.42 | -8.91 | 3.0 | -75.61 | 0 | 0 | 104.87 | 11.34 | 4.31 | -9.64 | 20.86 | 11.79 | 19.89 | 0.41 | 19.11 | 11.17 | 46.52 | -6.17 | 25.0 | 138.1 | 1.12 | 1.82 | 30.99 | 0.36 | 8.58 | 5.8 | 0 | 0 | 12.56 | -4.85 | 21.15 | -0.7 | 2.65 | -73.04 | 15.21 | -33.96 | 0.22 | 23.54 |
2015 (6) | 33.96 | 31.78 | 25.71 | 30.64 | 12.3 | 331.58 | 0 | 0 | 94.19 | -7.17 | 4.77 | 11.19 | 18.66 | -6.14 | 19.81 | 1.11 | 17.19 | -1.26 | 49.58 | 9.04 | 10.5 | -53.95 | 1.1 | -3.51 | 30.88 | -1.97 | 8.11 | 5.6 | 0 | 0 | 13.2 | -0.53 | 21.3 | 1.67 | 9.83 | -6.65 | 23.03 | -3.24 | 0.18 | -0.95 |
2014 (5) | 25.77 | 25.28 | 19.68 | 11.95 | 2.85 | -59.86 | 0 | 0 | 101.46 | 5.57 | 4.29 | 176.77 | 19.88 | 2.74 | 19.59 | -2.68 | 17.41 | 4.38 | 45.47 | 8.11 | 22.8 | 0.66 | 1.14 | -3.39 | 31.5 | -29.61 | 7.68 | 2.13 | 0 | 0 | 13.27 | 22.76 | 20.95 | 12.45 | 10.53 | 66.09 | 23.8 | 38.78 | 0.18 | 40.7 |
2013 (4) | 20.57 | 0 | 17.58 | 0 | 7.1 | 0 | 0 | 0 | 96.11 | 0 | 1.55 | 0 | 19.35 | 0 | 20.13 | 0 | 16.68 | 0 | 42.06 | 0 | 22.65 | 0 | 1.18 | 0 | 44.75 | 0 | 7.52 | 0 | 0.3 | 0 | 10.81 | 0 | 18.63 | 0 | 6.34 | 0 | 17.15 | 0 | 0.13 | 0 |
現金及約當現金 QoQ YoY | 短期借款 QoQ YoY | 一年內到期長期負債 QoQ YoY | 資金貸予他人 QoQ YoY | 營收 QoQ YoY | 淨利 QoQ YoY | 應收帳款及票據 QoQ YoY | 應收帳款佔營收比(%) QoQ YoY | 存貨 QoQ YoY | 長期投資 QoQ YoY | 長期負債 QoQ YoY | 商譽及無形資產 QoQ YoY | 股本 QoQ YoY | 法定盈餘公積 QoQ YoY | 特別盈餘公積 QoQ YoY | 未分配盈餘 QoQ YoY | 保留盈餘 QoQ YoY | 其它權益 QoQ YoY | 配息能力 QoQ YoY | 非控制權益佔比 QoQ YoY | |||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
20Q3 (20) | 32.81 | -3.19 | -21.79 | 21.0 | -2.14 | -25.29 | 0 | 0 | -100.0 | 0 | 0 | 0 | 17.55 | 3.72 | -39.08 | 0.65 | -48.0 | -32.29 | 13.12 | -2.09 | -36.46 | 17.19 | 12.36 | -6.99 | 16.4 | 1.8 | -34.11 | 54.28 | 2.07 | 6.85 | 0 | 0 | -100.0 | 0.19 | -80.21 | -54.76 | 31.25 | 0.0 | 0.0 | 10.94 | 0.0 | 4.69 | 6.11 | 0.0 | 113.64 | 30.24 | 2.23 | 134.42 | 47.29 | 1.42 | 80.43 | -6.19 | 14.15 | -51.34 | 24.05 | 7.51 | 172.99 | -0.00 | -100.95 | -100.04 |
20Q2 (19) | 33.89 | 9.75 | -5.41 | 21.46 | -18.19 | -14.91 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 16.92 | 16.61 | -41.02 | 1.25 | -94.26 | -11.97 | 13.4 | 17.44 | -35.58 | 15.30 | 33.22 | -14.99 | 16.11 | 10.19 | -39.16 | 53.18 | -0.84 | 6.59 | 0 | 0 | -100.0 | 0.96 | -25.0 | 128.57 | 31.25 | 0.0 | 0.0 | 10.94 | 4.69 | 4.69 | 6.11 | 113.64 | 113.64 | 29.58 | -18.65 | 142.66 | 46.63 | -6.1 | 82.93 | -7.21 | -24.53 | -248.31 | 22.37 | -26.82 | 121.05 | 0.01 | -4.38 | -95.56 |
20Q1 (18) | 30.88 | -35.6 | -0.96 | 26.23 | -9.99 | 7.63 | 12.45 | -0.4 | 99.2 | 0 | 0 | 0 | 14.51 | -46.93 | -44.7 | 21.78 | 1898.17 | 1361.74 | 11.41 | -40.97 | -37.92 | 11.48 | -34.0 | -24.75 | 14.62 | -39.66 | -50.29 | 53.63 | 2.31 | 9.97 | 0 | -100.0 | -100.0 | 1.28 | -14.67 | 197.67 | 31.25 | 0.0 | 0.03 | 10.45 | 0.0 | 9.2 | 2.86 | 0.0 | 0 | 36.36 | 156.42 | 70.46 | 49.66 | 80.65 | 60.71 | -5.79 | 5.24 | -316.55 | 30.57 | 278.81 | 53.31 | 0.01 | -95.72 | -95.32 |
19Q4 (17) | 47.95 | 14.3 | 46.41 | 29.14 | 3.66 | 35.1 | 12.5 | 0.0 | 0 | 0 | 0 | 0 | 27.34 | -5.1 | -2.29 | 1.09 | 13.54 | -54.39 | 19.33 | -6.39 | -5.85 | 17.40 | -5.85 | 2.61 | 24.23 | -2.65 | -17.25 | 52.42 | 3.19 | 12.54 | 12.5 | 0.0 | -50.0 | 1.5 | 257.14 | 240.91 | 31.25 | 0.0 | 0.1 | 10.45 | 0.0 | 9.2 | 2.86 | 0.0 | 0 | 14.18 | 9.92 | -30.32 | 27.49 | 4.88 | -8.12 | -6.11 | -49.39 | -113.64 | 8.07 | -8.4 | -53.86 | 0.28 | 5.78 | 10.47 |
19Q3 (16) | 41.95 | 17.08 | 68.81 | 28.11 | 11.46 | 34.3 | 12.5 | 100.0 | 0 | 0 | 0 | 0 | 28.81 | 0.42 | -11.79 | 0.96 | -32.39 | -71.43 | 20.65 | -0.72 | -14.42 | 18.48 | 2.7 | -5.05 | 24.89 | -6.0 | -14.41 | 50.8 | 1.82 | 12.24 | 12.5 | -33.33 | -50.0 | 0.42 | 0.0 | -12.5 | 31.25 | 0.0 | 0.1 | 10.45 | 0.0 | 9.2 | 2.86 | 0.0 | 0 | 12.9 | 5.82 | -29.74 | 26.21 | 2.82 | -6.19 | -4.09 | -97.58 | -23.94 | 8.81 | -12.94 | -41.5 | 0.26 | 2.54 | 5.18 |
19Q2 (15) | 35.83 | 14.91 | 23.68 | 25.22 | 3.49 | 27.83 | 6.25 | 0.0 | 0 | 0 | 0 | 0 | 28.69 | 9.34 | -14.49 | 1.42 | -4.7 | -31.07 | 20.8 | 13.17 | -16.63 | 18.00 | 17.93 | -10.84 | 26.48 | -9.96 | -6.76 | 49.89 | 2.3 | 12.67 | 18.75 | 0.0 | -25.0 | 0.42 | -2.33 | -16.0 | 31.25 | 0.03 | 0.13 | 10.45 | 9.2 | 9.2 | 2.86 | 0 | 0 | 12.19 | -42.85 | -18.84 | 25.49 | -17.51 | 3.62 | -2.07 | -48.92 | -152.44 | 10.12 | -49.25 | -28.73 | 0.26 | 0.69 | 3.88 |
19Q1 (14) | 31.18 | -4.79 | -0.38 | 24.37 | 12.98 | 11.18 | 6.25 | 0 | 0 | 0 | 0 | 0 | 26.24 | -6.22 | -2.31 | 1.49 | -37.66 | 61.96 | 18.38 | -10.47 | -6.8 | 15.26 | -10.01 | -7.87 | 29.41 | 0.44 | 5.83 | 48.77 | 4.7 | 16.01 | 18.75 | -25.0 | -25.0 | 0.43 | -2.27 | -58.25 | 31.24 | 0.06 | 0.22 | 9.57 | 0.0 | 6.1 | 0 | 0 | 0 | 21.33 | 4.82 | 16.94 | 30.9 | 3.28 | 13.35 | -1.39 | 51.4 | -26.36 | 19.94 | 14.01 | 16.34 | 0.25 | 1.14 | 0.8 |
18Q4 (13) | 32.75 | 31.79 | 14.63 | 21.57 | 3.06 | -3.62 | 0 | 0 | 0 | 0 | 0 | 0 | 27.98 | -14.33 | -9.39 | 2.39 | -28.87 | 696.67 | 20.53 | -14.92 | -11.39 | 16.96 | -12.88 | -15.79 | 29.28 | 0.69 | 13.49 | 46.58 | 2.92 | 8.91 | 25.0 | 0.0 | 0.0 | 0.44 | -8.33 | -58.49 | 31.22 | 0.0 | 0.32 | 9.57 | 0.0 | 6.1 | 0 | 0 | 0 | 20.35 | 10.84 | 50.74 | 29.92 | 7.09 | 32.86 | -2.86 | 13.33 | -425.0 | 17.49 | 16.14 | 21.63 | 0.25 | 0.71 | 1.62 |
18Q3 (12) | 24.85 | -14.22 | 0 | 20.93 | 6.08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.66 | -2.65 | 1.08 | 3.36 | 63.11 | 25.37 | 24.13 | -3.29 | 0 | 19.47 | -3.56 | 0 | 29.08 | 2.39 | 0 | 45.26 | 2.21 | 0 | 25.0 | 0.0 | 0 | 0.48 | -4.0 | 0 | 31.22 | 0.03 | 0.35 | 9.57 | 0.0 | 0 | 0 | 0 | 0 | 18.36 | 22.24 | 0 | 27.94 | 13.58 | 23.63 | -3.3 | -302.44 | 0 | 15.06 | 6.06 | 0 | 0.25 | 1.27 | 5.84 |
18Q2 (11) | 28.97 | -7.44 | 0 | 19.73 | -9.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.55 | 24.91 | 15.73 | 2.06 | 123.91 | 16.38 | 24.95 | 26.52 | 0 | 20.19 | 21.85 | 0 | 28.4 | 2.2 | 0 | 44.28 | 5.33 | 0 | 25.0 | 0.0 | 0 | 0.5 | -51.46 | 0 | 31.21 | 0.13 | 0.48 | 9.57 | 6.1 | 0 | 0 | 0 | 0 | 15.02 | -17.65 | 0 | 24.6 | -9.76 | 23.25 | -0.82 | 25.45 | 0 | 14.2 | -17.15 | 0 | 0.25 | -2.29 | 9.2 |
18Q1 (10) | 31.3 | 9.56 | 0 | 21.92 | -2.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.86 | -13.02 | 17.45 | 0.92 | 206.67 | 12.2 | 19.72 | -14.89 | 0 | 16.57 | -17.74 | 0 | 27.79 | 7.71 | 0 | 42.04 | -1.71 | 0 | 25.0 | 0.0 | 0 | 1.03 | -2.83 | 0 | 31.17 | 0.16 | 0.42 | 9.02 | 0.0 | 0 | 0 | 0 | 0 | 18.24 | 35.11 | 0 | 27.26 | 21.05 | 23.85 | -1.1 | -225.0 | 0 | 17.14 | 19.19 | 0 | 0.25 | 1.97 | 12.44 |
17Q4 (9) | 28.57 | 0 | 0 | 22.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.88 | -4.43 | 16.93 | 0.3 | -88.81 | -65.12 | 23.17 | 0 | 0 | 20.14 | 0 | 0 | 25.8 | 0 | 0 | 42.77 | 0 | 0 | 25.0 | 0 | 0 | 1.06 | 0 | 0 | 31.12 | 0.03 | 0.42 | 9.02 | 0 | 0 | 0 | 0 | 0 | 13.5 | 0 | 0 | 22.52 | -0.35 | 6.48 | 0.88 | 0 | 0 | 14.38 | 0 | 0 | 0.25 | 4.9 | 11.39 |
17Q3 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.31 | 11.45 | 15.27 | 2.68 | 51.41 | 57.65 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.11 | 0.16 | 0.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.6 | 13.23 | 10.89 | 0 | 0 | 0 | 0 | 0 | 0 | 0.24 | 4.48 | 0 |
17Q2 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.99 | 26.76 | 7.57 | 1.77 | 115.85 | 14.19 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.06 | 0.06 | 0.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.96 | -9.31 | 4.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0.23 | 0.61 | 0 |
17Q1 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.87 | -13.4 | -2.6 | 0.82 | -4.65 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.04 | 0.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.01 | 4.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.22 | 1.02 | 0 |
16Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.41 | -5.78 | 6.88 | 0.86 | -49.41 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.99 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.15 | 3.78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.22 | 0 | 0 |
16Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 28.03 | 4.01 | 0.0 | 1.7 | 9.68 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 30.98 | 0.16 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 20.38 | 6.59 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |